SENATE BILL 167

Sponsored By:

Senator Astle

Entitled:

Insurance - Premium Finance Agreements

Synopsis:

Providing that a premium finance agreement, in addition to financing the premium of a surplus lines insurance contract, may include specified premium receipts taxes and fees charged by a surplus lines broker; and altering the manner in which a finance charge is computed.

History by Legislative Date

Senate Action

1/27

First Reading Finance

2/19

Hearing 3/11 at 1:00 p.m.

3/17

Favorable with Amendments Report by Finance

3/18

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/20

Third Reading Passed (46-0)

3/31

Returned Passed

4/22

Signed by the Governor Chapter 69

House Action

3/20

First Reading Economic Matters

3/25

Hearing 3/27 at 1:00 p.m.

3/31

Favorable Report by Economic Matters

3/27

Favorable Report Adopted

Second Reading Passed

3/28

Third Reading Passed (140-0)

Bill indexed under the following Subjects:

AGENTS AND BROKERS

FEES -see also- DEVELOPMENT FEES AND TAXES

INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS

LOANS -see also- MORTGAGES

REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.

Bill affects the following Statutes:

Insurance

( 23-301.1 , 23-304 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments:

Senate

Number: 807773/01 (PDF)     Offered on: March 18, 2003   at: 11:31 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

March 20, 2003: Third Reading Passed (46-0)

House

March 28, 2003: Third Reading Passed (140-0)